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Article: 30-Year Rates Inch Up to 6.10 Percent
- Article from:
- The Washington Post
- Article date:
- October 4, 2008
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Rates on 30-year mortgages have risen for a second straight week,
climbing to the highest level in a month.
Freddie Mac, the mortgage company, reported Thursday that 30-
year, fixed-rate mortgages averaged 6.10 percent this week, up
slightly from 6.09 percent last week. It was the highest level since
30-year mortgages averaged 6.35 percent for the week ended Sept. 4.
Financial markets have been turbulent in recent weeks as demand
for safe-haven Treasury securities has pushed those yields down
sharply while rates on other types of corporate bonds have been
pushed higher by growing concerns about whether the bonds will be
repaid.
Those crosscurrents have been reflected in mortgage rates, which ...